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Citizenship of the Russian Federation to large investors in the DFO plans to be simplified - Putin - EastRussia | Far East

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Obtaining RF citizenship for large investors in the Far Eastern Federal District is planned to be simplified - Putin

Large foreign investors in the Russian Far East, if they wish to obtain Russian citizenship, will be able to rely on a simplified procedure, President Vladimir Putin said during a plenary session at the Third Eastern Economic Forum (WEF-2017) on Thursday.

"For foreign investors who will invest $ 10 million or more in the Far East, it is proposed to provide a simplified procedure for granting Russian citizenship," the head of state said. As a possible example, Vladimir Putin drew attention to the lead plenarist Ronnie Chichung Chan (head of the Hong Kong Hang Lung Properties, a US citizen). "He is a businessman, and says that if it were not for this forum, it would hardly have been here. If he invests in the Russian economy in the Far East, he can go here as home. Strictly speaking, home, and not as home, "- said the president.

Under current legislation (Federal Law No. 124), foreign investors can apply for obtaining citizenship of the Russian Federation under the simplified procedure, whose share in the authorized capital of a legal entity operating in the Russian Federation is at least 10% within three years before applying. The law establishes the size of the authorized capital of a legal entity - from 100 million rubles., As well as the amount of taxes paid - for each of the three years it must be at least 6 million rubles. (more than $ 100 thousand).